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GOLD: Gold Post Modest Gains After First Weekly Loss for Year.

GOLD
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  • Gold finished last week down for the first time in 2025, falling by 2.6%.
  • Earlier last week, gold hit all time highs of US$2,951.73 and has trended lower since.
  • Gold has exhibited its ‘safe-haven’ status given the uncertainty around the implementation of tariffs by President Trump in 2025, which followed on from last 2024 when it performed due to expected rate cuts.
  • The moves in recent trading sessions comes despite the fundamental reasons for its rally remaining in place.
  • The move lower last week still sees gold up over 8% for the year and opens at $2,857.83 gaining gradually throughout the day to reach @2,866.25
  • The move lower however sees gold breach the 20-day EMA of $2,878.48, marking the first breach of this technical level this year.
  • The moving averages are still trending upwards, a sign that the bullish momentum remains after eight successive weeks of gains.
  • It appears that the US is moving closer to imposing tariffs on Canada, Mexico and China as soon as this week, a move that could see support for gold return.
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  • Gold finished last week down for the first time in 2025, falling by 2.6%.
  • Earlier last week, gold hit all time highs of US$2,951.73 and has trended lower since.
  • Gold has exhibited its ‘safe-haven’ status given the uncertainty around the implementation of tariffs by President Trump in 2025, which followed on from last 2024 when it performed due to expected rate cuts.
  • The moves in recent trading sessions comes despite the fundamental reasons for its rally remaining in place.
  • The move lower last week still sees gold up over 8% for the year and opens at $2,857.83 gaining gradually throughout the day to reach @2,866.25
  • The move lower however sees gold breach the 20-day EMA of $2,878.48, marking the first breach of this technical level this year.
  • The moving averages are still trending upwards, a sign that the bullish momentum remains after eight successive weeks of gains.
  • It appears that the US is moving closer to imposing tariffs on Canada, Mexico and China as soon as this week, a move that could see support for gold return.